TALX Reports Congressional Reinstatement of Federal WOTC/WtW Tax Credits

  
    
  
  
    
      TALX Corporation (NASDAQ: TALX) today reported that the United States 
      Congress has passed legislation reinstating the Federal Work Opportunity 
      (“WOTC”) and Welfare 
      to Work (“WtW”) tax 
      credits retroactively to January 1, 2006, when these tax credits went 
      into hiatus. The legislation, which remains subject to Presidential 
      approval, reinstates the WOTC and WtW tax credit programs through 
      December 31, 2007 and, beginning January 1, 2007, expands eligibility 
      for the WOTC tax credit, including extending the age for food stamp 
      recipients from 25 to 40 and removing the ceiling on family income for 
      ex-felons.
    
    
      William W. Canfield, president and chief executive officer, commented, “We 
      are very pleased that these credits will be restored retroactively, 
      providing our clients valuable tax relief and, at the same time, 
      assisting a variety of individuals in securing gainful employment. TALX 
      expects to begin realizing revenues related to these tax credits in our 
      fiscal fourth quarter ending March 31, 2007. During the first six to 
      nine months of calendar year 2007, we anticipate recognizing revenues 
      related to both the hiatus period and the credits submitted for 
      qualification in 2007. We appreciate that our Congress continues to 
      support these valuable programs and hope the President signs the bill 
      soon.”
    
    
      Statements in this news release expressing or indicating the beliefs and 
      expectations of management regarding future performance are 
      forward-looking statements including, without limitation, anticipated 
      revenues related to tax credits to be realized in fiscal and calendar 
      year 2007, and any other plans, objectives, expectations and intentions 
      contained in this release that are not historical facts. These 
      statements reflect our current views with respect to future events and 
      are based on assumptions and subject to risks and uncertainties. These 
      risks and uncertainties include, without limitation, whether the 
      President ultimately approves and signs the legislation and the level of 
      activity by customers of our WOTC and WtW tax credit and incentive 
      services. These risks, uncertainties and other factors may cause our 
      actual results, performance or achievements to be materially different 
      from those expressed or implied by our forward-looking statements. We do 
      not undertake any obligation or plan to update these forward-looking 
      statements, even though our situation may change.
    
    
      TALX Corporation, based in St. Louis, Missouri, is a leading provider of 
      human resource and payroll-related services and holds a leadership 
      position in automated employment and income verification as well as 
      unemployment tax management. TALX provides over 9,000 clients, including 
      three-fourths of Fortune 500 companies, with Web-based services focused 
      in three employment-related areas: hiring, pay reporting, and 
      compliance. Hiring services include assessments and talent management, 
      paperless new hires, and tax credits and incentives. Pay reporting 
      services include electronic time tracking, paperless pay, and W-2 
      management. Compliance services include employment and income 
      verifications through The Work Number, unemployment tax management, and 
      I-9 management. The company’s common stock 
      trades in The NASDAQ Global Select Market under the symbol TALX. For 
      more information about TALX Corporation, call 314-214-7000 or access the 
      company's Web site at www.talx.com.